Restatement of Prior Financial Information (Tables)

3 Months Ended

Mar. 31, 2023

Accounting Changes and Error Corrections [Abstract]

Schedule of Error Corrections and Prior Period Adjustments

	March 31, 2023		Adjustments		March 31, 2023
	As previously reported				As restated
CONSOLIDATED BALANCE SHEETS
Receivables, net	$	79,003	$	(2,998)	$	76,005
Income taxes receivable	$	9	$	(9)	$	—
Total current assets	$	457,688	$	(3,007)	$	454,681
Goodwill	$	276,028	$	(6,622)	$	269,406
Income taxes receivable, non-current	$	—	$	15,943	$	15,943
Total non-current assets	$	534,940	$	9,321	$	544,261
Total assets	$	992,628	$	6,314	$	998,942
Medical liabilities	$	101,394	$	(2,998)	$	98,396
Income taxes payable	$	—	$	11,289	$	11,289
Total current liabilities	$	164,954	$	8,291	$	173,245
Deferred tax liability	$	3,695	$	10,668	$	14,363
Total non-current liabilities	$	249,745	$	10,668	$	260,413
Total liabilities	$	414,699	$	18,959	$	433,658
Non-controlling interest in Allied Physicians of California, a Professional Medical Corporation ("APC")	$	14,729	$	(452)	$	14,277
Retained earnings	$	207,300	$	(11,751)	$	195,549
Non-controlling interest	$	3,156	$	(442)	$	2,714
Total stockholders’ equity	$	563,200	$	(12,193)	$	551,007

	Three months ended March 31, 2023		Adjustments		Three months ended March 31, 2023
	As previously reported				As restated
CONSOLIDATED STATEMENTS OF INCOME
Provision for income taxes	$	5,102	$	1,819	$	6,921
Net income	$	14,307	$	(1,819)	$	12,488
Net income attributable to noncontrolling interests	$	(315)	$	(329)	$	(644)
Net income attributable to Apollo Medical Holdings, Inc.	$	14,622	$	(1,490)	$	13,132
Earnings per share – basic	$	0.31	$	(0.03)	$	0.28
Earnings per share – diluted	$	0.31	$	(0.03)	$	0.28

	March 31, 2023		Adjustments		March 31, 2023
	As previously reported				As restated
CONSOLIDATED STATEMENTS OF MEZZANINE AND STOCKHOLDERS’ EQUITY
Mezzanine Equity – Non-controlling Interest in APC - Net loss	$	(1,400)	$	(329)	$	(1,729)
Retained Earnings (Accumulated Deficit) - Net income	$	14,622	$	(1,490)	$	13,132
Mezzanine Equity – Non-controlling Interest in APC	$	14,729	$	(452)	$	14,277
Retained Earnings (Accumulated Deficit)	$	207,300	$	(11,751)	$	195,549
Non-controlling interest	$	3,156	$	(442)	$	2,714
Stockholders’ Equity	$	563,200	$	(12,193)	$	551,007

	Three months ended March 31, 2023		Adjustments		Three months ended March 31, 2023
	As previously reported				As restated
CONSOLIDATED STATEMENTS OF CASH FLOWS
Net income	$	14,307	$	(1,819)	$	12,488
Deferred tax	$	790	$	(507)	$	283
Income taxes payable/receivable	$	4,007	$	2,326	$	6,333

	December 31, 2022		Adjustments		December 31, 2022
	As previously reported				As restated
CONSOLIDATED BALANCE SHEETS
Receivables, net	$	52,629	$	(2,998)	$	49,631
Income taxes receivable	$	4,015	$	(4,015)	$	—
Total current assets	$	435,138	$	(7,013)	$	428,125
Goodwill	$	275,675	$	(6,622)	$	269,053
Income taxes receivable, non-current	$	—	$	15,943	$	15,943
Total non-current assets	$	528,767	$	9,321	$	538,088
Total assets	$	963,905	$	2,308	$	966,213
Medical liabilities	$	84,253	$	(2,998)	$	81,255
Income taxes payable	$	—	$	4,279	$	4,279
Total current liabilities	$	147,329	$	1,281	$	148,610
Deferred tax liability	$	3,042	$	11,175	$	14,217
Total non-current liabilities	$	247,881	$	11,175	$	259,056
Total liabilities	$	395,210	$	12,456	$	407,666
Non-controlling interest in Allied Physicians of California, a Professional Medical Corporation ("APC")	$	13,682	$	555	$	14,237
Retained earnings	$	192,678	$	(10,261)	$	182,417
Non-controlling interest	$	2,191	$	(442)	$	1,749
Total stockholders' equity	$	555,013	$	(10,703)	$	544,310

	Three months ended March 31, 2022		Adjustments		Three months ended March 31, 2022
	As previously reported				As restated
CONSOLIDATED STATEMENTS OF INCOME
Provision for income taxes	$	6,195	$	623	$	6,818
Net income	$	12,073	$	(623)	$	11,450
Net income attributable to noncontrolling interests	$	(2,191)	$	(123)	$	(2,314)
Net income attributable to Apollo Medical Holdings, Inc.	$	14,264	$	(500)	$	13,764
Earnings per share – basic	$	0.32	$	(0.01)	$	0.31
Earnings per share – diluted	$	0.31	$	(0.01)	$	0.30

	March 31, 2022		Adjustments		March 31, 2022
	As previously reported				As restated
CONSOLIDATED STATEMENTS OF MEZZANINE AND STOCKHOLDERS’ EQUITY
Mezzanine Equity – Non-controlling Interest in APC - Net loss	$	(3,129)	$	(123)	$	(3,252)
Retained Earnings (Accumulated Deficit) - Net income	$	14,264	$	(500)	$	13,764
Mezzanine Equity – Non-controlling Interest in APC	$	52,151	$	902	$	53,053
Retained Earnings (Accumulated Deficit)	$	157,893	$	(6,883)	$	151,010
Non-controlling interest
Stockholders’ Equity	$	479,521	$	(6,883)	$	472,638

	Three months ended March 31, 2022		Adjustments		Three months ended March 31, 2022
	As previously reported				As restated
CONSOLIDATED STATEMENTS OF CASH FLOWS
Net income	$	12,073	$	(623)	$	11,450
Deferred tax	$	1,985	$	194	$	2,179
Income taxes payable/receivable	$	4,241	$	430	$	4,671